Finance Board Financial Planning
2006 Jul Board Financial Planning

There are times when even prudence, foresight and good planning, cannot prevent significant and unforeseen challenges, and circumstances occur which are beyond a board's control. This article identifies some of these situations, and prov…

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Neighborhoods An Overview of Union City
2006 Jul An Overview of Union City

As its population reaches 67,000, Hudson County's township of Union City is fast becoming an attractive alternative for those who work and play in Manhattan. Bordered on the south by Jersey City, on the north by West New York, on th…

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Board Operations Owners' Rights/Financial Disclosure
2006 Jul Owners' Rights/Financial Disclosure

When a new unit owner moves into a condo development, he or she usually receives a welcome packet that contains all the governing documents, such as the declaration of covenants, conditions and restrictions, the bylaws and the house rule…

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Finance How Much Co-op or Condo Can You Afford?
2006 Jul How Much Co-op or Condo Can You Afford?

Prices of most co-ops and condominiums in the New York metropolitan area—which nowadays extends as far west as eastern Pennsylvania and as far south as the lower Jersey shore—have reached stratospheric proportions. In once-blighted urban…

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Finance Borrowing Smart
2006 Jul Borrowing Smart

Sue Stevens became president of her Arlington, Texas homeowners association in 2003, one of her first orders of duty was solving a vital security issue to the residents—how to protect their homes, which were highly visible from several m…

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Finance Making Association Budgets Work for You
2006 Jul Making Association Budgets Work for You

Just as no household can function without a good, sound budget, neither can a homeowner's association. Creating and maintaining a budget that can guide a condo community through an entire year's worth of finances is one of the most impor…

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Finance Raising Maintenance Fees
2006 Jul Raising Maintenance Fees

They say the only two inevitable things in life are death and taxes. Well, for condo and co-op owners you can add a third—maintenance fees. As long as roofs are going to have to be repaired, snow is going to have to be plowed, and g…

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Neighborhoods Hackensack
2006 Jun Hackensack

According to Hackensack city manager Steve Loiacono, his town is really going places."Real estate values are strong, business—and retail in particular—has been expanding and shows no sign of slowing," he says. "Unemployment is relatively…

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Management Suburban Storage Options
2006 Jun Suburban Storage Options

Comedian George Carlin got it right—all we want is a little space for our stuff. Ample storage space is a precious commodity, and residents are often left on their own to invent creative ways to store bikes, sports equipment, holiday dec…

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Law & Legislation Common Lawsuits in HOAs
2006 Jun Common Lawsuits in HOAs

Homeowners associations are governed by a private board, generally comprised of residents of the condominium. Just because board members are unpaid volunteers, however, does not exempt them from exposure to lawsuits. Indeed, HOA board me…

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